Iran's food prices surge nearly 50% in September
AFP
28-Sep-2008 (5 comments)

The increase in food prices accelerated in Iran in September, when the cost of a basket of 45 staple food items showed a mighty leap of nearly 50 percent from the same month a year earlier, the Kargozaran newspaper reported Sunday, citing central bank figures.

For the three Iranian months of Tir, Mordad and Shahrivar (July to September), year-on-year food price inflation was 28.98, 40.08 and 48.46 percent respectively, taking the average increase for the summer period to 39.2 percent, the daily said.

Items monitored for the inflation figures include meat, beans, rice, sugar, fruits and dairy products.

Many economists have accused President Mahmoud Ahmadinejad of directly fuelling the price rises by ploughing huge amounts of cash into the economy to fund local infrastructure projects and small production units.

In spite of efforts by the central bank to shrink the excessive volume of loans, analysts say the government has already injected so much oil money into the economy that inflation will remain high for months and years to come.

Ahmadinejad this week replaced the head of the central bank, Tahmasb Mazaheri, in a bid to bring more harmony to his economic team around his expansionary policies.

The central bank was eager to reassert its control of the money supply -- a key indicator of future inflation trends -- after annual inflation hit 26 percent in June.

In August, Iran's inflation rate reached 27.6 perce... >>>

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Farhad Kashani

Mehdi Mazloo, these people

by Farhad Kashani on

Mehdi Mazloo, these people need to take common sense 101 and economy 101 classes. They’re saying even if food prices go up 50% and incomes don’t go up, which means people cant afford food, that’s not starvation!!! The audacity that these people have in defending the murderous Iranian regime is amazing, isn’t it Mehdi aziz?

 


default

re: Pure fabrications

by /./. (not verified) on

The entire "state of Israel" is fabrication. Why are you worried about their genocidal and merderous acts.


default

Mazloom, "legitimate food" ? LOL!

by Anonymous8 (not verified) on

Wow, the lows that some people are willing to bend to in order to justify murderous apartheid.


Mehdi Mazloom

Pure fabrications

by Mehdi Mazloom on

Israel never blocked legitimate food from the Arabs in gaza. It is the belligerent actions of Hamas against Israeli civilians which forced Israel & Egypt to closed the border to gaza.

It is Hamas which uses the cement and other construction material to build bunkers instead of building their crumbling civilian infrastructure there. They use fertilizers sent to them from Israel to devise rocket to shoot it back at the Israeli civilians, instead of fertilize their fields.

Their man spend more time fertilizing their woman and keep them fully stocked with babies, with no means to feed and educate these children - instead of stocking their warehouses with food and medicine.

 


Shini Head

Inflation does not stave, blockade does ....

by Shini Head on

FK,

Zio-Nazis blockading food, fuel and medicine that would enter Gaza strip starves and kills people (specially children), not inflation, honey.